Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Short Interest Update

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 53,588 shares, a growth of 174.4% from the June 30th total of 19,532 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 59,938 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Franklin FTSE United Kingdom ETF

A number of institutional investors have recently modified their holdings of FLGB. Quantinno Capital Management LP raised its stake in Franklin FTSE United Kingdom ETF by 29.8% during the first quarter. Quantinno Capital Management LP now owns 63,979 shares of the company’s stock worth $2,224,000 after buying an additional 14,704 shares during the last quarter. Morningstar Investment Management LLC acquired a new stake in Franklin FTSE United Kingdom ETF during the 1st quarter worth about $7,507,000. Dynamic Wealth Strategies LLC raised its position in shares of Franklin FTSE United Kingdom ETF by 8.9% in the 1st quarter. Dynamic Wealth Strategies LLC now owns 12,363 shares of the company’s stock worth $430,000 after acquiring an additional 1,008 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Franklin FTSE United Kingdom ETF by 2.2% in the 1st quarter. Assetmark Inc. now owns 292,796 shares of the company’s stock valued at $10,178,000 after purchasing an additional 6,176 shares during the period. Finally, Wealthfront Advisers LLC boosted its position in shares of Franklin FTSE United Kingdom ETF by 10.7% during the 1st quarter. Wealthfront Advisers LLC now owns 12,626 shares of the company’s stock valued at $439,000 after purchasing an additional 1,220 shares in the last quarter.

Franklin FTSE United Kingdom ETF Stock Up 0.4%

Shares of FLGB stock traded up $0.13 during trading hours on Monday, hitting $36.42. 39,992 shares of the company’s stock traded hands, compared to its average volume of 167,614. The stock has a market cap of $890.47 million, a PE ratio of 15.48 and a beta of 0.64. The stock’s 50 day simple moving average is $35.74 and its 200 day simple moving average is $35.57. Franklin FTSE United Kingdom ETF has a 12 month low of $30.44 and a 12 month high of $37.37.

Franklin FTSE United Kingdom ETF Company Profile

The Franklin FTSE United Kingdom ETF (FLGB) is an exchange-traded fund that is based on the FTSE UK RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap companies from the United Kingdom. FLGB was launched on Nov 2, 2017 and is managed by Franklin Templeton.